PANews reported on March 27 that according to an announcement by the Governor of Wyoming, the Wyoming Stablecoin Committee announced that its fiat-backed, fully reserved WYST stablecoin has entered the multi-chain testing phase, deployed on test networks such as Avalanche, Solana, and Ethereum. WYST is issued by a public entity and is the first project of its kind in the United States. The testing is expected to continue until the second quarter of 2025, with plans to officially launch in July, and partners include LayerZero and Stargate. WYST will be over-collateralized with cash and US Treasury bonds, with interest injected into the state education fund.
